Cross Timbers Royalty Trust (NYSE:CRT) Stock Passes Above Fifty Day Moving Average – Here’s Why

Cross Timbers Royalty Trust (NYSE:CRT) shares passed above its 50 day moving average during trading on Friday . The stock has a 50 day moving average of $10.27 and traded as high as $10.28. Cross Timbers Royalty Trust shares last traded at $9.80, with a volume of 33,999 shares traded.

Cross Timbers Royalty Trust Trading Down 2.3 %

The company has a 50-day moving average price of $10.27 and a 200 day moving average price of $11.03. The stock has a market capitalization of $58.80 million, a P/E ratio of 8.75 and a beta of 0.53.

Cross Timbers Royalty Trust (NYSE:CRT) last announced its earnings results on Tuesday, August 13th. The oil and gas company reported $0.22 earnings per share (EPS) for the quarter. The company had revenue of $1.58 million for the quarter. Cross Timbers Royalty Trust had a return on equity of 259.19% and a net margin of 88.08%.

Cross Timbers Royalty Trust Cuts Dividend

The business also recently announced a monthly dividend, which was paid on Friday, November 15th. Stockholders of record on Thursday, October 31st were paid a $0.0646 dividend. The ex-dividend date of this dividend was Thursday, October 31st. This represents a $0.78 dividend on an annualized basis and a dividend yield of 7.91%. Cross Timbers Royalty Trust’s payout ratio is 69.64%.

Cross Timbers Royalty Trust Company Profile

Cross Timbers Royalty Trust operates as an express trust in the United States. It holds 90% net profits interests in certain producing and nonproducing royalty and overriding royalty interest properties in Texas, Oklahoma, and New Mexico; and 75% net profits working interest in four properties in Texas and three properties in Oklahoma.